New Jersey  |  Business Law

Legal Question

Asked on: 11/11/13, 6:23 pm

My father had his friend help him run his business. The business has been around since the late 70's so it has a trusted name. Now his con artist friend some how pushed him out assuring him they would be millionaires. After looking at all he has done, he put bills in his own name (which are sky high), tried and failed 3 companies using my fathers revenue, and currently made a business with the same name (just more general). He claims that he is legally 50% because he put himself on the taxes as partnership and 99% profiter. My father is scared to take legal acts because his partners name where on many things and he was pushed out for almost five years (allowing and trusting him to make the decisions.) Should he even be scared? There are two business license that can prove he tried to cut my father out and paper trails should take care of the rest?

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